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A lot of startups run out of money..happens all the time...If there’s no money in it...I don”t think Visalia’s-LCY bought because they felt sorry for them...far from it...There’s $$$ to be made and lots of it !
That’s 1-800-IT”S-LAWW...LMAO
Corn sludge will be a multi billion dollar industry...petroleum chemicals in plastics will be “ day of the dinosaur “
Bio degradable plastics will be the new norm..just ask soft drink companies etc..
The archives indicate that shares will be safe from the DD presented...The conditions of the ccac approval was made clear there would be NO hardships to all parties of interest...sorry to hear you sold..Good Luck with future investments..
I”m holding on..based on the extreme DD that stakeholders will not encounter any hardships from the arrangement..I believe there is more good news to follow..
I believe it’s a 2 step transaction as one of the reports stated...There was to be no hardships to stakeholders and parties of interest to bring it to ccac...the order was clearly stated..It was hinged on those conditions..
Shares remain safe...and will be...the monitors report stated thie it was in the “ best interests “ of all stakeholders...and there would be “ no hardships “ to stakeholders “... There’s no skating around that information... How would $ 0 be in the best interests of all stakeholders ? The champagnes been cracked open ever since that report..Happy investing..
This board is about to see some high traffic and the sp should be elevating as we close in on March 15 th...It”s down to the wire...Either your in or your out....I”m in !
GLTA !
Do you mean the $ 1.64..FMV..shell...
The shares are intact and that continues to govern the day...not speculators saying they will be cancelled...day after day...if they discontinue the shares everyone holding should do alright...” best interests “ and “ any hardship “ to all stakeholders is forbidden ...the archives do not lie...read those monitors reports...it”s very clear and transparent.
I did read the 10 th report....it highlighted a lot of grey interpretation....might...maybe...don”t believe...etc...and they didn’t say FINRA was being contacted because of that...you might wanna review that 10 th report again..
Looks like we”ll be chasing it up over the next bit...closure is well on the horizon
.02 - .04 plus easily this week...wait till the real news hits the street...it will be to late to obtain any shares ..at that point..
All the creditors were paid as necessary...the documentation is in the monitors reports..You need to study them...
$ 1.64 ps sounds fair...bought few more today...times running short to obtain shares.
Heading North very soon !
Shares are still intact and will remain so...Look harder at the DD...It “s all there and “ WELL “ documented...
Special Bulletin Report:..Shares are still intact..see all DD and documentation ...
Good read Tymoo22..this was”not your typical garden variety “ reorganization “ imo..Your DD is greatly appreciated...CSCS..BC...and others on here are very seasoned in DD...Thanks Again !
The parties must want to close this deal by March 15 2019..Their supposed to start up the plant in April 2019..The shares are intact..10 months later..indeed..
The deal is “ in the best interests of ALL stakeholders “ period...The DD by CSCS...BC...to name a few supports that statement overwhelmingly...The evidence and documents are consistent with the shares staying intact...and trading...8 months of shares being cancelled proclamations...and 10 months trading...The cancellation theory should throw the towel..it”s not to late...
$ GLTA $ !
Sounds like the stay was extended further to March 15..based on sec. 4 and 5..etc...a possible compromise from all parties...this is looking better and better each day..and trading continues !
GLTA !
Then tell me what happens to shareholders in a debt ridden insolvent shell you have been indicating for months ?
The reality is...the shares continue to trade since last May 2018...and continue to do so...the cancel speculation is getting really old...cancellation claims for months and months on end...yet we continue to trade 10 months later..lmao...you can”t make this stuff up...maybe tomorrow they might cancel it...keep trying...lmao
It is what it is...You been saying cancel for months and months ...talk about credibility..lmao
The common shares are intact..They were trading today...Business as usual..
I wonder if shares will start to climb this week...March 15, is nearing and times beginning to get very close..The 6 months to reopen the plant should be in April 2019..should LCY be accurate with the plant managers press release...We have lots of evidence the shares will be safe...Hopefully someone will find some jaw dropping evidence DD that will top it with a cherry...
GLTA !
I”m hoping the FMV of $ 1.64 per share or close to will be the payout..BioAmber just ran out of cash...as a start up company..Happens all the time...Mostly a larger company with lots of cash will buy them...especially with multi dollar future agreements..
The monitors reports state “ sale of the company “..that’s a big biffrence..assets being sold from “ sale of the company “...The company was sold..
That’s why the shares are still intact...The NOLS and rights to those future contracts...
It was no longer a bankrupt proceeding...it went to CCAA..the creditors are satisfied...according to the monitors report...If the buyer remains within the NOL requirements ...they are entitled to the credits and it falls under the NOL rules before January 1, 2019...understand..NOLS of that magnitude...could save a buyer some huge money over 20 years...and it”s no small potatoes...
They could be calling FINRA to tell them the ticker most certainly will continue and that the particulars Wicklow be shortly complete..who knows...
Where in the 10th report did it say they were notifying FINRA..for cancellation purposes ?
I”m to the understanding the creditors support these transactions and worked with pwc on an arrangement...There’s $ 320,000,000 in NOL credits...and agreements in the billions for future business..I don”t see a buyer walking away from those incentives...Holding long and accumulating..glta
The creditors have supported the process all throughout with the monitor...they sat with the monitor and plated a roll in what was “ in the best interests “ of all stakeholders...The assets..the agreements...and NOL”s to name are worth a substantial value...Bioamber set up the business...and ran out of money...that’s typical of a start up...did”t Visolis and Bioamber meet on business in the fall of 2017 ? I think anyone at the financial helm would have known the bills were”not getting paid by then..
To believe the whole shootin’match sold for $ $ 4.3 million is just nonsense..The facility in Sarnia cost $ 140,000,000 alone..then there were patents, future scaling property, and multi billion $$ future agreements...Were 10 months into this reorganization...Shareholders aren”t going anywhere but upward ...Who would ever believe $ 4.3 measly million would win the bid..lmao...There’s more to this saga..Stay tuned !
GLTA
Where is the correspondence that clearly states...shares will be cancelled..can someone provide the correspondence..maybe then we could verify the allegations..
Zero is not in “ the best interests “ of all stakeholders..that is why a CCAA process is exhausted..to provide the best FMV possible...Obviously a remedy was rendered consistent with the court order...the ignorance of the order cannot be avoided...All parties involved must adhere to the remedies sought by the courts...
The deal is “ in the best interests of all stakeholders “ and that “ NO “ hardship would be caused to any stakeholders....as per the order...PWC acknowledges this in the monitors report...so don’t touch one hair on a stakeholders head...The order obliges to some sort of FMV...I don’t know what part anyone would misunderstand...it”s all there in the PWC monitors report..
They clearly told you that the deal was in the “ best interests “ of all stakeholders ...you just can”t make this stuff up...There are creditors, shareholders etc. Who all fall into the stakeholder category...I am more than comfortable with PWC”s clearly acknowledged statement..The 10 th Monitor’s report is very grey of information and assumptions...